Edenred Rolls Out Share Buyback Operation Valued at €300 Million

Edenred, the acclaimed digital platform for services and payments, has unveiled plans for a share buyback operation totaling €300 million. This initiative is set to take place from mid-March 2024 until March 31, 2027, with an aim to cancel the acquired shares. Highlighting Edenred's belief in its future value development, this movement is a testament to the company's sturdy financial foundation and its inherent ability to generate cash flow.

Aligned with Edenred's capital management strategy, the operation seeks a balance between continued technological investment, strategic acquisitions, and rewarding shareholder programs, including progressive dividend payments. The buyback program's commencement is contingent on market conditions and will be managed by an investment service provider. Details concerning the operation's start will be disclosed following the signing of the agreement with the provider.

This financial manoeuvre is intended to support performance share plans for employees and officers, mitigate capital dilution, and enhance market quotation regularity. The execution of the buyback program follows the approval parameters set during the General Meeting on May 11, 2023. Edenred retains the flexibility to adjust, halt, or defer the program in response to overarching business strategies.